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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 672.04

-1.7%

Nov 13 4:00 PM EST

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To: Giordano Bruno who wrote (12776)	5/4/1999 5:35:00 AM
From: bearshark	Read Replies (1) of 99985

Jim: The best classical description of Dow Theory and the one I use is discussed in the Edwards and Magee book. The book is titled "Technical Analysis of Stock Trends." It is also the classical book for charting. It costs about $40 and is available at Amazon.com. Buy it and you can add to AMZN's losses and FDX's profits. At this point in the move, a confirmation has little meaning. However, it we go into the Dow Theory trend-setting process in a decline, I would not be in long positions. I have never looked for a site because the book is quite descriptive.

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